Europe Roundup: Sterling gains against dollar on rate appeal, European stocks gains, Gold steadies, Oil steady as rising Libyan output offsets supply worries-January 17th,2022
Europe Roundup: Sterling steadies against dollar, European shares gain, Gold prices edge higher, Oil slips below $80 after OPEC+ output hike decision-5th January, 2022
Europe Roundup: Euro dips against stronger dollar, European shares slip, Gold dips, Oil prices edge up on Kazakhstan, Libyan supply worries-January 10th,2022
Europe Roundup: Pound firms, lifted by soothing Omicron news, European shares rise, Oil prices stable as positive COVID news balances curbs-December 23rd,2021
Europe Roundup: Sterling rises versus dollar,European stocks trades mixed, Gold eases, Oil holds near $85/bbl on stronger demand prospects-January 13th,2022
Europe Roundup: Sterling gains against dollar on rate rise bets, European shares rises, Gold inches up, Oil prices steady ahead of OPEC+ meeting-January 4th,2021
America’s Roundup: Dollar rises on U.S. interest rate hike optimism, Wall Street tumbles,Gold eases, Oil prices fall on demand concerns and rising Libyan output-January 11th,2022
Europe Roundup: Sterling gains as risk appetite improves, European shares gain, Gold hits more than one-week high, Oil trades at one-month high-December 28th,2021
Europe Roundup: Sterling drops against dollar, European shares gain, Gold slips, Gold slips from six-week high, Oil gains towards $79 as Omicron impact concerns ease-January 3rd,2022
America’s Roundup: U.S. dollar dips after U.S. inflation data, Wall Street closes higher, Gold gains,Oil rises 2% on U.S. crude drawdown, weaker dollar-January 13th,2022
America’s Roundup: Dollar steadies ,Wall Street edges higher, Gold slides to 2-week low, Oil extends rally on Kazakhstan unrest and Libyan outages-January 7th, 2022
America’s Roundup: Dollar edges up as traders assess Fed rate hike bets,Gold holds ground, Oil climbs as supplies expected to remain tight-January 18th,2022
America’s Roundup: Dollar edges down as risk-sensitive currencies advance, U.S. stocks end at record high, Gold on course for weekly gains, Oil prices rise as Omicron fears abate-December 24th,2021
America’s Roundup: Dollar extends drop against basket of currencies ,Wall Street rises, Gold slips, Oil edges lower on profit taking, rate hike worries-January 14th,2022
America’s Roundup: Dollar hits one-month high vs yen , Wall street closes up, Gold gains ,Oil settles higher on 2022 demand optimism-January 4th,2021
America’s Roundup: Dollar dips in quiet holiday trading, Wall Street ends mixed,Gold steadies,Oil prices edge higher as US oil inventories fall-December 30th,2021
America’s Roundup: Dollar hovers close to one-week high, Wall Street closes higher, Gold edges higher, Oil rises 3%, extending rally as Omicron fears retreat-December 8th,2021
• Canada Oct Trade Balance 2.09B, 2.00B forecast, 1.86B previous
• US Unit Labor Costs (QoQ) (Q3) 9.6%,8.3% forecast, 1.1% previous
• US Nonfarm Productivity (QoQ) (Q3) -5.2%,-4.9% forecast, -5.0% previous
• US Oct Trade Balance -67.10B, -66.80B forecast, -80.90B previous
• Canada Oct Exports 56.18B, 53.00B previous
• US Exports 223.60B ,207.60B previous
• US Imports 290.70B,288.50B previous
• GlobalDairyTrade Price Index 1.4%, 1.9% previous
• Canada Nov Ivey PMI 61.2,59.3 previous
• Canada Nov Ivey PMI n.s.a 61.2, 61.2 previous
Looking Ahead - Economic Data (GMT)
• 23:40 Japan GDP (QoQ) (Q3) -0.8%forecast ,0.5% previous
• 23:40 Japan GDP (YoY) (Q3) -3.1% forecast, 1.9% previous
• 23:40 Japan Oct Current Account n.s.a 1.309T forecast, 1.034T previous
• 23:40 Japan Adjusted Current Account 0.76T previous
•03:15 New Zealand Manufacturing Sales Volume (QoQ) (Q3) -0.1% previous
•05:20 Japan BSI Large Manufacturing Conditions (Q4) 7.0 previous
•07:00 China Nov CPI (YoY) 2.5% forecast, 1.5% previous
•07:00 China Nov PPI (YoY) 12.4% forecast, 13.5% previous
•07:00 China Nov CPI (MoM) 0.3% forecast, 0.7% previous
Looking Ahead - Events, Other Releases (GMT)
• 03:30 Australia RBA Governor Lowe Speaks
EUR/USD: The euro dipped against dollar on Tuesday as s a firmer dollar and U.S. Treasury yields weighed on euro. The dollar index steadied, hanging on to an overnight jump made with U.S. yields as investors hoped early signs the Omicron variant may be mild will be proved correct.On the data front,German industrial output rose more than expected in October in a rare sign of strength in manufacturing, but analysts warned that supply bottlenecks for raw materials and intermediate goods would continue to hamper production in Europe's biggest economy. The euro was down 0.07 percent at $1.1277. Immediate resistance can be seen at 1.1362 (50% fib), an upside break can trigger rise towards 1.1420 (30 DMA).On the downside, immediate support is seen at 1.1274(38.2%fib), a break below could take the pair towards 1.1179 (23.6% fib).
GBP/USD: Sterling was pinned near 2021 lows against the U.S. dollar on Tuesday thanks to a broadly sturdy greenback and growing expectations that the Bank of England will keep interest rates unchanged next week. The dollar index was steady and riskier currencies picked up as traders bet that the Omicron variant would not be as severe as previously expected.Sterling was down 0.1% against the dollar after hitting a session’s low at $1.3207, not far from last week’s 2021 low below $1.32. Immediate resistance can be seen at 1.3265(50%fib), an upside break can trigger rise towards 1.3328(61.8%fib).On the downside, immediate support is seen at 1.3194 (38.2%fib), a break below could take the pair towards 1.3126 (23.6%fib).
USD/CAD: The Canadian dollar strengthened to a two-week high against its U.S. counterpart on Tuesday as concern about the economic threat of the Omicron coronavirus variant receded and data showed Canada posting its biggest trade surplus in nearly a decade. Canada posted a trade surplus of C$2.1 billion in October, with imports and exports both hitting record levels on higher trade in motor vehicles.The loonie was trading 0.8% higher at 1.2647 to the greenback , its biggest gain since Sept. 23. The currency touched its strongest intraday level since Nov. 22 at 1.2633. Immediate resistance can be seen at 1.2682 (38.2%fib), an upside break can trigger rise towards 1.2746 (23.6%fib).On the downside, immediate support is seen at 1.2636(50%fib), a break below could take the pair towards 1.2567(61.8%fib).
USD/JPY: The dollar strengthened against the Japanese yen on Tuesday as traders bet that the Omicron variant of COVID-19 would not be as severe as previously expected. On Sunday, the top U.S. infectious disease official, Anthony Fauci said Omicron variant does not look like there's a great degree of severity so far. Besides Omicron, central banks are in focus. The Bank of Canada meets on Wednesday, with markets expecting it to set course for rate hikes next year. The Fed, Bank of England, European Central Bank and Bank of Japan all meet next week. Dollar was 0.16% higher against the yen at 113.65 yen. Strong resistance can be seen at 113.77(23.6%fib), an upside break can trigger rise towards 113.91 (30DMA).On the downside, immediate support is seen at 113.17 (38.2%fib), a break below could take the pair towards 112.68 (50%fib).
European stocks jumped 2.5% on Tuesday, boosted by a strong rebound in technology shares as worries somewhat eased over the Omicron coronavirus variant, while German shares surged close to 3% led by automakers.
UK's benchmark FTSE 100 closed down by 1.49percent, Germany's Dax ended up by 2.82 percent, France’s CAC finished the day up by 2.91percent.
Wall Street's main indexes finished Tuesday's session with strong gains as investors shook off some anxiety about the latest coronavirus variant and investors boosted Nasdaq by piling into technology stocks.
Dow Jones closed up by 1.40% percent, S&P 500 closed up by 2.07% percent, Nasdaq settled down by 3.03% percent.
Gold prices inched higher on Tuesday as investors’ attention turned to U.S. inflation data due this week, which could influence the pace at which the Federal Reserve hikes interest rates.
Spot gold was up 0.2% to $1,782.39 per ounce by 01:40 p.m. ET (1840 GMT). U.S. gold futures settled up 0.3% at 1,784.70.
Oil prices climbed by more than 3% on Tuesday, extending the previous day's rebound of almost 5% as concerns eased further about the impact on global fuel demand of the Omicron coronavirus variant.
Brent crude futures settled up US$2.36, or 3.2%, at $75.44 a barrel, after Monday's rise of 4.6%. U.S. West Texas Intermediate crude rose $2.56, or 3.7%, to $72.05, building on a 4.9% gain the previous session.